Town of Pikeville has regained control of its purse strings from the state
The Town of Pikeville, just north of Goldsboro, has regained control of its purse strings from the state of North Carolina.
The town of 720 has been under the control of the Local Government Commission since April 2021, when it was left with not enough funds to pay for its budget and was at risk of missing $150,000 worth of payments.
The Commission is a division within the State’s Department of Treasury and responsible for overseeing local governments’ finances.
Reforms have included shifting to a council-manager style of government, submitting audits for 2020 and 2021, and securing over $5 million from the American Rescue Plan Act.
State Treasurer Dale Folwell presented keys to Pikeville’s finances to Mayor Garrett Johnston on Dec. 6th.